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Aug 19, 2012
08/12
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not tax returns. >> is he lying about his tax returns? do you think he didn't pay taxes? >> it's hard to imagine that he would continue to hide and make them the big secret of the campaign whether or not he paid taxes. the only thing we know for sure is one year of returns. we know that he had swiss bank accounts, cayman island accounts and we know under paul ryan's plan he'd actually pay not 13% but he'd pay less than 1%. so i don't know why governor romney won't come out with his fax returns. certainly when he was reviewing the tax returns of vice presidential hopefuls like governor mcdonnell or indeed paul ryan he asked for more than one year tax return. >> is there any evidence to suggest that mitt romney did not pay exactly what he should have paid in taxes under the law? >> well, look, this is what we know. we know -- >> no. >> we know that he has been engaged in tax avoidance schemes with offshore accounts, with -- in the cayman islands and the bahamas. >> you're not suggesting anything unlawful. >> but it is tax avoidance. at a time when our country needs everyone
not tax returns. >> is he lying about his tax returns? do you think he didn't pay taxes? >> it's hard to imagine that he would continue to hide and make them the big secret of the campaign whether or not he paid taxes. the only thing we know for sure is one year of returns. we know that he had swiss bank accounts, cayman island accounts and we know under paul ryan's plan he'd actually pay not 13% but he'd pay less than 1%. so i don't know why governor romney won't come out with his...
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Jul 15, 2012
07/12
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taxes. we compiled a list of former presidents, and the average of the tax returns they released over the years, you can go from president obama, mccain, kerry, bush, a lot more than the two years that mitt romney is proposing to release. why not be more of an open book and release more tax returns, as his father did? as previous presidential candidates have done? >> as you know, the standard of releasing fully two years of returns, which goes above what the law requires, was a standard that senator john mccain had adhered to as the republican nominee in the last presidential campaign. it's the same as senator kerry adhered to with the democratic nominee in the election before that. and the fact is, that governor romney is putting -- has put out already 2010 and will put out 2011 before this election. so, you know, very transparent. it's ironic coming from a white house that has proven itself to be not transparent in its policies, and for example why they're hiding behind claims of executive
taxes. we compiled a list of former presidents, and the average of the tax returns they released over the years, you can go from president obama, mccain, kerry, bush, a lot more than the two years that mitt romney is proposing to release. why not be more of an open book and release more tax returns, as his father did? as previous presidential candidates have done? >> as you know, the standard of releasing fully two years of returns, which goes above what the law requires, was a standard...
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four consecutive balanced budget with a tax cut, not a tax increase. >> a tiny tax cut compared to the biggest increase in history. >> we don't need to relitigate the 1990s. i mean -- >> but the point here is that this was -- clinton did face the charge that the economy would sour if he increased taxes. but he also cut defense spending over $250 billion over 10 years. and he has said recently, one of the reasons they lost the house in 1994 was that '93 deal. but here, where is the action, bob? >> well, having tried to do some reporting on this, first of all, i think the staff, the white house staff and the house staff, have met or talked five times. it really is down to obama and boehner at the table. i think you can only take a snapshot right now and try to look at what the experience the president has had recently. he won re-election. he's had lots of ceos in to meet with him. and this is interesting. they are telling him, mostly republicans, let's give on rates. it's not a big deal. i think the house leadership may have lost the parade that is supposed to be following them on that.
four consecutive balanced budget with a tax cut, not a tax increase. >> a tiny tax cut compared to the biggest increase in history. >> we don't need to relitigate the 1990s. i mean -- >> but the point here is that this was -- clinton did face the charge that the economy would sour if he increased taxes. but he also cut defense spending over $250 billion over 10 years. and he has said recently, one of the reasons they lost the house in 1994 was that '93 deal. but here, where is...
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Dec 31, 2012
12/12
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give the president his tax hi on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom. everybody is talking about protecting the middle class here. so i think this deal will probably get done around the middle class tax cut. it's at what level. $400,000 or $250,000 or some other number. which is going to be critically important. a lot of people don't realize in a large urban and suburban areas of america, $250,000 doesn't make you rich. have you two kids in college at $60,000. if you're a boomer, you may have a dependent parent of some kind. spending another $20,000 or $25,000 on that. you have to have a definition of what is the middle class.
give the president his tax hi on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom....
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Sep 23, 2012
09/12
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they pay social security taxes, they pay medicare taxes, state and local taxes. second, they are out of the federal income tax pool for two reasons. one is, the economic crash, which lowered a lot of people's incomes, even a lot of the newer jobs don't pay high incomes. now the second reason is interesting. it is a bipartisan reason in the past. is because the combined impacts of the earned income tax credit and the child tax credit, i doubled the earned income tax credit which i think president ford signed into law and which president reagan supported and it is refundable if you work and got kids and your income is low, the government will actually refund the credit if you drop out of owing income tax. it was designed to support working families. then we put in a child tax credit which when president bush passed all of those tax cuts, that is what he did for middle class people. he doubled the child tax credit to $1,000. then when president obama came in and we had a democratic congress, and the economy is reeling, they increased the earned income tax credit so
they pay social security taxes, they pay medicare taxes, state and local taxes. second, they are out of the federal income tax pool for two reasons. one is, the economic crash, which lowered a lot of people's incomes, even a lot of the newer jobs don't pay high incomes. now the second reason is interesting. it is a bipartisan reason in the past. is because the combined impacts of the earned income tax credit and the child tax credit, i doubled the earned income tax credit which i think...
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Apr 16, 2012
04/12
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approach to tax reform. why not? >> we have a detailed set of comprehensive rules on tax policy, both for individuals and businesses that we think will be a necessary part of any responsible solution to the long-term fiscal problems. on the business side, as you know, we propose to -- and lower rates. we're creating and building things here. on the individual side, there's lots of ways to do this but the only way to do it is by doing things that will put a modestly larger burden on the richest americans. the buffet rule you refer to is a way to make sure they can't take too much advantage of deductions in the tax code and end up paying a smaller share of income in taxes as middle class families. >> we're still talking about $5 billion to $7 billion a year. we're not talking about a huge impact. isn't this more political argument than a real fiscal fix in the scheme of the problem? >> we proposed this as part of a comprehensive set of spending savings in tax reforms. it's in that context we laid this out for
approach to tax reform. why not? >> we have a detailed set of comprehensive rules on tax policy, both for individuals and businesses that we think will be a necessary part of any responsible solution to the long-term fiscal problems. on the business side, as you know, we propose to -- and lower rates. we're creating and building things here. on the individual side, there's lots of ways to do this but the only way to do it is by doing things that will put a modestly larger burden on the...
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for example -- >> very few people actually had to pay a tax. >> it's the threat of a new tax increase to change behavior. >> let me get a response on this point. >> this is a fundamental disagreement between democrats and republicans, between bobby and myself. pick on texas. 22% of its kids have no health insurance, and 25% of its adults have no health insurance. those aren't just texas kids. those are american kids. and i think we have an obligation to make sure our kids have health insurance. and this bill does that. i don't like the individual mandate either, and i don't think it was necessary, but it's there. the supreme court has spoken. the congress has spoken. the president has spoken. mitt romney has shown this can work because it did work in massachusetts with 98% of people covered. i don't want to live in a country where 22% of the kids who are american kids in texas don't have health insurance, and i think it's our obligation as a society to make sure everybody has health insurance, and that is what this bill does. >> i'm out of time. two quick ones for you, governor. you'r
for example -- >> very few people actually had to pay a tax. >> it's the threat of a new tax increase to change behavior. >> let me get a response on this point. >> this is a fundamental disagreement between democrats and republicans, between bobby and myself. pick on texas. 22% of its kids have no health insurance, and 25% of its adults have no health insurance. those aren't just texas kids. those are american kids. and i think we have an obligation to make sure our...
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Nov 11, 2012
11/12
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the 2011 payroll tax holiday expires. the alternative minimum tax kicks in. taxes automatically go up. plus, at the same time, you have nearly $1 trillion in spending cuts that are automatic. that's what we mean by the sequester. half of that in defense. also non-defense cuts are triggered. that's what has to be averted, senator coburn. and here's my bottom line question. my view is that if there's a mandate from this election it's about compromise in washington. so what pain do republicans have to accept to get to a deal in your judgment? >> well, i think you heard the speaker of the house put forward that they're ready for the president to lead. they're ready to agree to revenue increases. but i think they're also interested in making sure that we downsize appropriately the federal government in terms of its waste. there is -- there is no question that we have a government that's twice the size it was 11 years ago. and we can find the money through sequestration or directly from what the house has passed, which is different than sequestration but the same a
the 2011 payroll tax holiday expires. the alternative minimum tax kicks in. taxes automatically go up. plus, at the same time, you have nearly $1 trillion in spending cuts that are automatic. that's what we mean by the sequester. half of that in defense. also non-defense cuts are triggered. that's what has to be averted, senator coburn. and here's my bottom line question. my view is that if there's a mandate from this election it's about compromise in washington. so what pain do republicans...
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May 20, 2012
05/12
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at the end of the year the bush tax cuts expire. payroll tax holiday expires. you also have by january of next year $110 billion in the across the board spending cuts that automatically take effect unless there can be an agreement to avoid that. now, speaker boehner spoke this week on the question of raising the debt ceiling. it had to be done last summer. it's going to have to be done again here before the end of the year. and he said we're going to look at this fiscal cliff again and he's going to have some stern demand. this is what he said this week. >> when the time comes, i will again insist. my simple principle of cuts and reforms greater than the debt limit increase. >> senator, how do you react to that? >> i was surprised. i'll tell you why i was surprised. i didn't think speaker boehner wanted to remind the american people what the republicans in the house did to us last year. remember what happened? twice they threatened to shut down the government. and then they went further and said we're going to shut down the economy. they proposed literally defa
at the end of the year the bush tax cuts expire. payroll tax holiday expires. you also have by january of next year $110 billion in the across the board spending cuts that automatically take effect unless there can be an agreement to avoid that. now, speaker boehner spoke this week on the question of raising the debt ceiling. it had to be done last summer. it's going to have to be done again here before the end of the year. and he said we're going to look at this fiscal cliff again and he's...
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i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you did say he was fundamentally dishonest after debating him in the primaries. this is not a new attack against romney policy. >> no. and i think that the challenge for the obama people is pretty simple. the president of the united states had 90 minutes. now, if he had done his homework and actually prepared, if he had actually studied romney, why didn't he say it? why didn't he take romney head on? first of all, the charges on the tax cuts are plain wrong, and i think virtually every analyst has said and even your deputy campaign manager said the charges made are wrong. but forgetting tha
i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you...
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Jan 23, 2012
01/12
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the reason we need to cut taxes, think about what i inherited. i came in. we had $13 billion in deficits. we had 115 tax and fee increases in the eight years before i became governor. the worst business environment in america. in two years we've balanced those budgets and brought ourselves to balance without any tax increases through very difficult and aggressive cuts. now i'm saying it's time for the people to get some of their money back, done responsibly, 10% cut phased in over three think about this, david, in new jersey, the people in new jersey will know for the next three years every year their taxes will go down. if i told you that when i came here the first time, you have told me i was nuts. we did it because of hard work and sticking to our principles and working together with democrats. i think we'll do it again. >> do the new jersey giants win today? >> yes. >> you didn't even flinch. you think they should be the new jersey giants. >> of course they are are. the only thing new york about the giants is the ny on the helmets. they play in new jers
the reason we need to cut taxes, think about what i inherited. i came in. we had $13 billion in deficits. we had 115 tax and fee increases in the eight years before i became governor. the worst business environment in america. in two years we've balanced those budgets and brought ourselves to balance without any tax increases through very difficult and aggressive cuts. now i'm saying it's time for the people to get some of their money back, done responsibly, 10% cut phased in over three think...
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Oct 15, 2012
10/12
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kennedy tax cut. the taxes when kennedy was president were cut from 91% to 71%. the taxes were skewed toward the middle and lower class. the tax base was at 91 to 71 for the top margin. the tax rates for the top earners right now are fundamentally different. they're in the mid to high 30s. what i'm campaigning on is solving the fiscal crisis. and you know that if we don't have new revenue, that doesn't engage in tricks, the congressional research service says your tax cutting policy hasn't worked one time. paul ryan couldn't cite an example -- >> can i do a joe biden laugh now? >> sure, you can do it. you look terrific. you have teeth as good as his. >> i was just going to say i talked to a lot of major business leaders who want romney elected, but almost to a man and a woman they say, we're going to have to pay more taxes in our category. what they want to do, however, is to benchmark them against spending cuts so they can get spending down to 20% of gdp. there will have to be a combination in their judgment. and these are private business leaders who run big co
kennedy tax cut. the taxes when kennedy was president were cut from 91% to 71%. the taxes were skewed toward the middle and lower class. the tax base was at 91 to 71 for the top margin. the tax rates for the top earners right now are fundamentally different. they're in the mid to high 30s. what i'm campaigning on is solving the fiscal crisis. and you know that if we don't have new revenue, that doesn't engage in tricks, the congressional research service says your tax cutting policy hasn't...
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Feb 20, 2012
02/12
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we all want tax reform, and it's just the republicans don't want one penny of tax reform to go towards deficit reduction. if you don't do that, it means you have to cut deeply into critical investments in the national infrastructure and education and we don't need to ask the middle income and seniors to bare the entitle burden. that's what it's about, whether you want a balanced approach. it's not when but how to reduce the deficit. >> on "meet the press," we can talk social issues and faith and the budget and economy. see, we can do it all. i thank you both very much. >>> coming up, the republican race for the white house rolls into michigan. a must win for mitt romney. so what happens were he to lose? >>> plus the social issue to go away, does it help or hurt republicans to help the white house. and al hunt, and helene cooper, and our own, andrea mitchell right after this break. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well
we all want tax reform, and it's just the republicans don't want one penny of tax reform to go towards deficit reduction. if you don't do that, it means you have to cut deeply into critical investments in the national infrastructure and education and we don't need to ask the middle income and seniors to bare the entitle burden. that's what it's about, whether you want a balanced approach. it's not when but how to reduce the deficit. >> on "meet the press," we can talk social...
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he has proposals to cut taxes on the rich. he doesn't explain why it adds up. in terms of obama's budget was a serious proposal. the republicans tried to force a political vote on it. the democrats decided they weren't going to play the game. >> it got zero support. >> yes, because it was put up there as a political matter because it was never going to pass. >> if you read the bob woodward book you will see just how pathetic the white house effort was. >> let me take a break here. we'll come back and talk more about the economy, the impact of jobs and the new numbers on the debate and some of the straightup politics after these two conventions. more from our roundtable. more reaction to the romney [ male announcer ] what can you experience in a seat? inspiration. great power. iconic design. exhilarating performance. [ man ] ...once again has created le mans history... [ male announcer ] and once in a great while... all of the above. take your seat in the incomparable audi a8. ♪ then don't get nickle and dimed by high cost in
he has proposals to cut taxes on the rich. he doesn't explain why it adds up. in terms of obama's budget was a serious proposal. the republicans tried to force a political vote on it. the democrats decided they weren't going to play the game. >> it got zero support. >> yes, because it was put up there as a political matter because it was never going to pass. >> if you read the bob woodward book you will see just how pathetic the white house effort was. >> let me take a...
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Jul 23, 2012
07/12
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reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. [ scott ] i grew up playing with little toy trains and now i build them. i'm a bigger is better kind of guy. i absolutely love building locomotives. i knew i wanted to design locomotives from when i was very young. [ jahmil ] from the outside it looks like such a simple device. when you actually get down into the bare bones of it, there's so much technology that's submerged. [ rob ] my welds are a signature, i could tell my welds apart from anybody's. to lay down that nice bead and you look at it, i love it. they don't go together by themselves. there are a lot of little parts, and everyone has their job. [ scott ] i'd love to see it out there on the open tracks. and when i see it, i'm going to know that i helped build that thing. [ train whistle blows ] here it comes! [ bell clanging ]
reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. [ scott ] i grew up playing with little toy trains and now i build them. i'm a bigger is better kind of guy. i absolutely love building locomotives. i knew i wanted to design locomotives from when i was very young. [...
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Jun 17, 2012
06/12
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it's obviously revenue -- now tax reform means president -- corporate tax rate, interested in getting rid of a lot of loopholes, lowering rates if we can. yes, the wealthiest american also have to spend a little bit more, along with entitlement reform. whether it's simpson-bowles, any independent economist who says what's the recipe for long-term fiscal package, it's at its core balance and fairness. that's been the barrier. the reason we weren't able to get a big deal last year was the insistence on republicans at all costs, and by the way it's not just on the deficit, what is their single economic idea? it's to cut taxes for people like mitt romney, and somehow hope that trickles down to middle class. it didn't work then and it's not going to work now. >> let's talk about what worked then and what's not working now. mitt romney says this is purely a referendum on the president's record, 3 1/2 years in office, and where is the economy? now bill clinton, former president who's been a surrogate for this president, sometimes off message, but a surrogate nonetheless, back in 2010, during
it's obviously revenue -- now tax reform means president -- corporate tax rate, interested in getting rid of a lot of loopholes, lowering rates if we can. yes, the wealthiest american also have to spend a little bit more, along with entitlement reform. whether it's simpson-bowles, any independent economist who says what's the recipe for long-term fiscal package, it's at its core balance and fairness. that's been the barrier. the reason we weren't able to get a big deal last year was the...
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Aug 12, 2012
08/12
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reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. i used to think my job chasing bad guys.ests... now i see my work differently. we analyze crime data, spot patterns, and figure out where to send patrols. it's helped some us cities cut serious crime by up to 30%. by stopping it before it happens. let's build a smarter planet. >>> by the time we met in person i kind of knew. and i was very humbled. biggest honor i've ever been given in my life. and i love this country dearly and i feel like we have an opportunity to fix it one and for all. >> that was yesterday on the campaign plane. the new team, romney/ryan now on the campaign trail. we're back with our political roundtable. joining me political reporter for "the washington post," veteran of too many campaigns to count, which is amazing because you're only 35, dan balz. post chief whit
reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. i used to think my job chasing bad guys.ests... now i see my work differently. we analyze crime data, spot patterns, and figure out where to send patrols. it's helped some us cities cut serious crime by up to 30%. by...
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Jan 22, 2012
01/12
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the reason we need to cut taxes. think of what i inherited. we had 13 billion in deficits, and 13% tax in fees, and then the worst business environment in america. in two years we balanced those budgets and brought ourselves to balance without any tax increases through aggressive cuts, and now i am saying it's time for the people to get their money back, a 10% cut phased in over three years and you can do it responsibly and not bust the budget. the people of new jersey will know for the next three years every year their taxes will go down. if i told you that the first time i came here you would have told me i was nuts. but i did it, and working together with democrats, i think we can do it again. >> do the new jersey giants win today? >> yes. >> you didn't even flinch. >> the only thing about the giants in new york, is they train in new jersey, and the new jersey giants are going to have a great game today. sorry to the friends in san francisco. it will be a big win today. >> i will be watching that for sure. >> you can bet on it. >>> coming u
the reason we need to cut taxes. think of what i inherited. we had 13 billion in deficits, and 13% tax in fees, and then the worst business environment in america. in two years we balanced those budgets and brought ourselves to balance without any tax increases through aggressive cuts, and now i am saying it's time for the people to get their money back, a 10% cut phased in over three years and you can do it responsibly and not bust the budget. the people of new jersey will know for the next...
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Jul 22, 2012
07/12
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reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> coming up, what are the turning points of the campaign still ahead? ♪ [ kareem ] i was fascinated by balsa wood airplanes since i was a kid. [ mike ] i always wondered how did an airplane get in the air. at ge aviation, we build jet engines. we lift people up off the ground to 35 thousand feet. these engines are built by hand with very precise assembly techniques. [ mike ] it's going to fly people around the world. safely and better than it's ever done before. it would be a real treat to hear this monster fire up. [ jaronda ] i think a lot of people, when they look at a jet engine, they see a big hunk of metal. but when i look at it, i see seth, mark, tom, and people like that who work on engines every day. [ tom ] i would love to see this thing fly. [ kareem ] it's a dream, honest
reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> coming up, what are the turning points of the campaign still ahead? ♪ [ kareem ] i was fascinated by balsa wood airplanes since i was a kid. [ mike ] i always wondered how did an airplane get in the air. at...
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Nov 12, 2012
11/12
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total tax deductions. and that's the other way, which chuck has not recognized, is if you limit total deductions and exemptions for those above $250,000, what you can essentially do is raise all sorts of money, which nobody really wants to increase revenues because it does have a negative, detrimental effect on the economy. but in fact, that's the part of the bargain that you have to do. and we're at historic lows on revenues. so i've always agreed to it. i voted for the simpson-bowles, i've been part of the gang of six, gang of eight. i agree that we have to go there, but how we go there is very important in terms of the incentives for capital investment in this country. and we have do it in a way that does not diminish that. >> let me turn quickly to lessons from this election and where things go beyond this negotiation over fiscal matters. senator schumer, immigration. are we going to get comprehensive immigration reform? it sounds like, if you listen to the house speaker, they've had a chang of heart,
total tax deductions. and that's the other way, which chuck has not recognized, is if you limit total deductions and exemptions for those above $250,000, what you can essentially do is raise all sorts of money, which nobody really wants to increase revenues because it does have a negative, detrimental effect on the economy. but in fact, that's the part of the bargain that you have to do. and we're at historic lows on revenues. so i've always agreed to it. i voted for the simpson-bowles, i've...
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Apr 29, 2012
04/12
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mostly women who get away from paying taxes because of the earned income tax credit he wants to take away while he gives his rich friends a tax cut. that's the debate i'm going to engage in. >> let me widen this discussion. political strategist, republican alex castellanos is here. our own msnbc's may i approachle maddow. also congressman cathy mcmorris-rodgers. this is a wider conversation about how to win the women's vote. what women will care about. the kind of conversation ultimately that they're having as they evaluate this campaign. where are we after hilary's remarks and the debate that ensued? >> well, hilary apologized. i think we've all made statements that we later regret. the reason that it caused such a controversy, though, is that it exposed that the war on women is really a myth. that it has been created by the democrats in an effort to distract americans once again from the real issues. democrats know that the republicans won the women's vote in 2010. it was the first time since reagan that the republicans won the women's vote. and it resulted in the republicans takin
mostly women who get away from paying taxes because of the earned income tax credit he wants to take away while he gives his rich friends a tax cut. that's the debate i'm going to engage in. >> let me widen this discussion. political strategist, republican alex castellanos is here. our own msnbc's may i approachle maddow. also congressman cathy mcmorris-rodgers. this is a wider conversation about how to win the women's vote. what women will care about. the kind of conversation ultimately...
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grover norquist the anti-tax crusader says no tax inses under any circumstances. b warren buffett says hey, the wealthier in this country can pay more and they should pay more. indeed, bancing the budget is a wayfor more economic growth down the line. who knows more about the amrican economy? grover norquist or warren buffett? >> well, who knows more about tax policy? i'm not sure wre going to choose from the two of them. but i can tell you this the right course for america i not to raise taxes on americans. i understand that president obama and people of his political persuasion would like to take more money from the american people. and they want to do that so they can continue to grow government. but the answer for americas not to grow government, it is to shrink government. we've been going over the last 20, 30, 40 years, governmen keeps growing at a faster rate relative to inflation. we've got to stop the extraordina spending in this country. that's why i put out a plan that reduces vernment spending, i cut -- iut programs, a whole series of programs, by the
grover norquist the anti-tax crusader says no tax inses under any circumstances. b warren buffett says hey, the wealthier in this country can pay more and they should pay more. indeed, bancing the budget is a wayfor more economic growth down the line. who knows more about the amrican economy? grover norquist or warren buffett? >> well, who knows more about tax policy? i'm not sure wre going to choose from the two of them. but i can tell you this the right course for america i not to raise...
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i think we can have tax reform but that doesn't mean tax increases. we ought to make the rates flatter. we ought to get rid of a bunch of the loopholes. i want to commend senator durbin. i know he did hard work with a number of people on both sides of the aisle in the senate. the fact of the matter is, we have to top the whole class warfare business. we can in fact close loopholes, lower rates, provide more incentives. our corporate tax rates are the highest in the world. look, all i'm interested in in ohio and i think dick is interested in in america is creating jobs. it's a moral issue. it helps families, keeps marriages stronger, lifts kids out of poverty. that's what we're all about. they have to get their act together. in states where people have got their act together we've seen significant progress and that's what has to be learned from it. when i was in d.c. by the way, i was there 18 years, we balanced the budget in 1997 without a tax increase. the fact is she want to keep spending in that city. it's not going to get us where we need to get t
i think we can have tax reform but that doesn't mean tax increases. we ought to make the rates flatter. we ought to get rid of a bunch of the loopholes. i want to commend senator durbin. i know he did hard work with a number of people on both sides of the aisle in the senate. the fact of the matter is, we have to top the whole class warfare business. we can in fact close loopholes, lower rates, provide more incentives. our corporate tax rates are the highest in the world. look, all i'm...
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i am for much boulder tax changes than he is. he limits the capital gains tax break, and that means 1 million small businesses would not be eligible. i have a flat tax option modeled after what they did in hong kong, and the american will be able to fill out one page, list the number of dependents they have and pay about 15% on their taxes. my goal is to actually bring government down to the revenue level, and not raise revenue to try and catch up with obama's spending. i think that's a very bold difference from romney. >> let me ask you about the economy and the jobs report. i want to put up as i often do the unemployment chart for the obama presidency, february of that year, 2009, and october, 10.1%, and here we are january of this year, back to 8.3%, and how can you say the administration has not led economic recovery? >> very simple, david. you did not include the number of people that dropped out of the workforce. when you include the number of people that quit looking for work because they are convinced they cannot find a j
i am for much boulder tax changes than he is. he limits the capital gains tax break, and that means 1 million small businesses would not be eligible. i have a flat tax option modeled after what they did in hong kong, and the american will be able to fill out one page, list the number of dependents they have and pay about 15% on their taxes. my goal is to actually bring government down to the revenue level, and not raise revenue to try and catch up with obama's spending. i think that's a very...
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you want to cut tax rates an additional 20%. you've rejected a 10-1 spending ratio when it comes to spending to increasing taxes. and yet you want to balance the budget. the math simply doesn't add up, does it? >> actually it does. five different economic studies including one at harvard, princeton, aei and a couple at the "wall street journal" all show that if we bring down our o top rates and go across the board, bring down rates for everyone in america, but also limit deductions and exemptions for people at the high end, you can keep the progressivity in the code, remain revenue neutral and you create an enormous incentive -- >> you haven't specified where you'd cut loopholes. you actually want to increase defense spending in addition to aulg of that. >> i want to maintain defense spending at the current level of the gdp. i don't want to keep bringing it down as the president's doing. this sequestration of the white house cutting our defense is an extraordinary miscalculation. >> republican leaders agreed to that deal. >> tha
you want to cut tax rates an additional 20%. you've rejected a 10-1 spending ratio when it comes to spending to increasing taxes. and yet you want to balance the budget. the math simply doesn't add up, does it? >> actually it does. five different economic studies including one at harvard, princeton, aei and a couple at the "wall street journal" all show that if we bring down our o top rates and go across the board, bring down rates for everyone in america, but also limit...
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Jun 25, 2012
06/12
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reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. ♪ ♪ [ male announcer ] a moment of silence for the internet as we know it. a revolution in internet speed is here. more than twice as fast as anything america has ever seen. introducing fios quantum. call the verizon center for customers with disabilities at 800-974-6006 tty/v. >>> we are back now with our political roundtable. joining me senior political reporter for politico, jonathan martin is here. nbc news chief foreign affairs correspondent andrea mitchell. former democratic governor of new mexico, bill richardson. and the chair of the house oversight and government committee congressman darrell issa. chairman issa i want to start with you. the standoff between your committee, you personally, with the attorney general, and now the white house over executive privilege. bottom li
reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. ♪ ♪ [ male announcer ] a moment of silence for the internet as we know it. a revolution in internet speed is here. more than twice as fast as anything america has ever seen. introducing fios quantum. call the verizon...
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cut taxes. raise -- protect medicare and preserve all 9 the institutions of the federal government that we need from the fbi to the faa. you can't possibly do all of those things. that was my problem. how does the math add up? so to me, he's still at war with math. and i think that's where "the wall street journal" editorial is quite a positive. how are you going to do these things? i believe this time is different. i think the american people really do want a plan. they want one from romney. they want one from obama. and i think they will reward someone who they feel has laid down a credible plan, and please, please, don't tell me it isn't going to hurt. there's no way we get out of this hole without working. they want it to be real. they want it to be fair. the wealthy pay more. everybody pays something. and they want it to be aspirational. they want it to be not just about balancing the budget, but making this country rich. >> doris kearns goodwin there is this appetite for substance for a cr
cut taxes. raise -- protect medicare and preserve all 9 the institutions of the federal government that we need from the fbi to the faa. you can't possibly do all of those things. that was my problem. how does the math add up? so to me, he's still at war with math. and i think that's where "the wall street journal" editorial is quite a positive. how are you going to do these things? i believe this time is different. i think the american people really do want a plan. they want one from...
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that means higher taxes. you have an e.p.a. that is overly zel zalozealous. you have obama care that nobody knows what the rules are. you have dodd frank. >> where is the confidence. >> >> i think there is a certain amount of uncertainty. that comes in part because of the plans the president puts before the congress get ignored. those are plans we know work. the business community is facing higher taxes because they understand that is part of the solution to dealing with the deficit. we can't get the congress to act. what we have is a congress which has decided there is a political advantage in stymieing this president and putting ideology ahead of the country. >> in 1997 i was one of the chief architects of the balanced budget. we didn't raise taxes. we cut capital gains. we balanced the budget and paid down the largest amount of debt in history. we were running huge surpluses. raising taxes is not the problem with congress. frankly the whole city is functional. and the executive is not leading. i'm an execu
that means higher taxes. you have an e.p.a. that is overly zel zalozealous. you have obama care that nobody knows what the rules are. you have dodd frank. >> where is the confidence. >> >> i think there is a certain amount of uncertainty. that comes in part because of the plans the president puts before the congress get ignored. those are plans we know work. the business community is facing higher taxes because they understand that is part of the solution to dealing with the...
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08/12
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tax reform. these are the things that will create sustained economic growth. >> let's talk about taxes. this is going to be a big fight in november over all of our taxes, whether they should be going up or not. do you think the republican party, if it's going to help reach a solution on our debt, is going to have to break some of the orthodoxy about raising revenue through eliminating deductions or other loopholes or raising taxes? will republicans have to give, do you think at some point, on this? >> i don't think -- right now i don't think that there is disagreement about that in terms of the deduction. raising rates i think would be foolhardy and republicans oppose that but tax reform could yield the opportunity to find common ground on entitlement reform. >> you've been in favor of being willing, at least, to break -- you say there is too much orthodoxy in the republican party. you got to take a serious look at raising revenue. >> i'm saying there's too much orthodoxy in the political process
tax reform. these are the things that will create sustained economic growth. >> let's talk about taxes. this is going to be a big fight in november over all of our taxes, whether they should be going up or not. do you think the republican party, if it's going to help reach a solution on our debt, is going to have to break some of the orthodoxy about raising revenue through eliminating deductions or other loopholes or raising taxes? will republicans have to give, do you think at some...
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he proposes a tax cut in addition on to continuing the bush tax cut for people making over a million bucks. they get another $250,000 a year in tax cuts. these are good, patriotic, people man, but they need it like they need another hole in their head. what's he investing? >> two different visions of the country. you and president obama have a record, and this recovery out of a steep recession has been much slower than in past recoveries after recessions. this administration has done a lot between stimulus and health care and financial regulation. you stepped up to the plate and taken some big swings, and yet, recovery is still very, very slow. the argument is why not give somebody who as a real background in business to turn it around? >> take a look at his background in business. when he was in business, how did he save companies by piling debt on them? when he was governor he ranked 47th out of 50 states in job creation. look, look at what he's proposing, but let's go back to what we're proposing. in terms of recovery out of a financial recession this steep, unfortunately this is
he proposes a tax cut in addition on to continuing the bush tax cut for people making over a million bucks. they get another $250,000 a year in tax cuts. these are good, patriotic, people man, but they need it like they need another hole in their head. what's he investing? >> two different visions of the country. you and president obama have a record, and this recovery out of a steep recession has been much slower than in past recoveries after recessions. this administration has done a...
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10/12
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stabilization of taxes and for some, a tax cut. regulators that use common sense and not overdue it. we have strong regulations on oil and gas. the toughest in the country. we don't overdo it. when people understand certainty, they invest. this is not theory. i was in business for ten years. we had a lot of people that had never been in business their entire lifetime. they don't understand it. i do understand it. when they are confident of the future, they can invest. there's a lot of money on the sidelines. if romney wins, i think we'll see an improved economy. that's why i'm for him. i want ohio to do better than we are. >> an attack line from the president is that romney is not one of us. that's what's running in his ads. it's supporting auto workers in your state. here is an editorial last sunday. the question is, which romney are voters going to get? which romney would they elect. the liberal one who ran for senate in '94, the pragmatic governor, the candidate of this year's gop primary? all politicians change positions over t
stabilization of taxes and for some, a tax cut. regulators that use common sense and not overdue it. we have strong regulations on oil and gas. the toughest in the country. we don't overdo it. when people understand certainty, they invest. this is not theory. i was in business for ten years. we had a lot of people that had never been in business their entire lifetime. they don't understand it. i do understand it. when they are confident of the future, they can invest. there's a lot of money on...
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can yobelieve they were opposed to lowering taxes? so i would hope that they understand that everything doesn't have to be afight. legislations are made tobe together and compromise, and i hope theea party doesn't have the influence, and it had been really bad for this country, and i understand why the american people feel the way they do. >> you thought the tea part would die out as the economy got better, and you were not ready about that? >> i think the tea party is dying outs the economy is getting betr slowly. >> you believe that. >> duri the past year, i would hope the two republican leaders have learned what took place i the previous year. you know, what we have to focus on this year is rebuilding the economy. we have to. the only way to do that is to eate jobs, and that's why the agenda that i moving forward on, i hope with cooperation from the republicans this time, it's to do something abou creating jobs. our suace transportation bill, it will save jobs and create jobs and the federal aviation administration, thatill save jo
can yobelieve they were opposed to lowering taxes? so i would hope that they understand that everything doesn't have to be afight. legislations are made tobe together and compromise, and i hope theea party doesn't have the influence, and it had been really bad for this country, and i understand why the american people feel the way they do. >> you thought the tea part would die out as the economy got better, and you were not ready about that? >> i think the tea party is dying outs...
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even in maryland, you've got proposals to increase the sales tax, the gas tax, the tax on cigars, everything else that moves. this is the issue in the race is who's going to keep taxes low on the american middle class. >> do you think the sense that certainly democrats are talking about it, and that some women feel there is a growing assault on reproductive rights, can it become a more central issue in the race? or is that going to become a side issue, as the governor said? >> i think the central issue in this race is creating jobs and expanding opportunity. i think these cultural -- don't like to use the term wars -- these cultural divisive wedge issues, the rollback of women's rights and other health, rollback averting rights, rollback of workers' rights, all of these things that take us back are not strengthening our chief. and creating jobs. and i think that people start to see a pattern, david, emerging in states like wisconsin, states like ohio, states like florida, and sadly, recently even in virginia where these cultural issues are crowding out the things that really should concern u
even in maryland, you've got proposals to increase the sales tax, the gas tax, the tax on cigars, everything else that moves. this is the issue in the race is who's going to keep taxes low on the american middle class. >> do you think the sense that certainly democrats are talking about it, and that some women feel there is a growing assault on reproductive rights, can it become a more central issue in the race? or is that going to become a side issue, as the governor said? >> i...
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on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and they'll come right back and pass something. so i don't think the middle class is at risk. if we go over the cliff, our republicans colleagues will come back and go uh-oh and pass the bill we passed in senate already. >> can check hagel become secretary of defense if he's the republican's nominee? >> a lot of republicans have asked hard questions. i don't think he's going to get many republicans votes. i like chuck but his positions are really out of the mainstream and well to the left of the president. i think it would be a challenging nominations but the hearings will matter. chuck will have a chance to
on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and...
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you also said a higher gas tax is not a bad thing. >> absolutely. you have to find a way to diminish issues and encourage use of renewables. we're always in the same place because we never put ourselves on a trajectory to get out of this place. >> the president is probably not going to support gas taxes right now. i want to show you a graph that i believe david showed last week. gas prices have been going up. you said in a recent "wall street journal" column that while the president can't control a lot when it comes to gas prices, he can make things a bit easier for consumers. your "wall street journal" editorial says a tax and energy plan to reflect obama, mr. obama should work with our leading energy companies instead of fighting them. domestic energy companies contribute to our economy, support millions of american jobs and retirement accounts and some like exxonmobil are investing in the energy solutions of tomorrow like fuel from algae. yet the president continues to use them as his rhetorical foil, call for higher taxes may bring applause at p
you also said a higher gas tax is not a bad thing. >> absolutely. you have to find a way to diminish issues and encourage use of renewables. we're always in the same place because we never put ourselves on a trajectory to get out of this place. >> the president is probably not going to support gas taxes right now. i want to show you a graph that i believe david showed last week. gas prices have been going up. you said in a recent "wall street journal" column that while the...